Standard Life Bets Peso Will Outshine Aussie

Economists have been debating whether 2013 will be the year the Australian dollar starts falling against the greenback.

But according to one of Europe’s largest asset managers, betting on the Mexican peso’s appreciation against the Aussie may be a hotter investment this year.

Euan Munro, who oversees the multi-asset investment teams of U.K.-based Standard Life Investment’s 163.4 billion pound (US$259 billion) portfolio, said he anticipated a 4%-5% return this year from going long on the peso against the Aussie dollar.

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